
1 George Avenue Peabody — Photo 1 of 40
$624,900
Investment Analysis — 1 George Avenue
Peabody, MA 01960 — Rolling Hills
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01960 carries an estimated $3,080/mo in gross rent — about a 3.58% cap rate and $22,365/yr in estimated NOI at the $624,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,578
Style
Single Family
Built
1960
Nestled in the established and desirable Rolling Hills neighborhood in West Peabody this home is being offered for the first time in over 45 years. Beautifully situated on a large lot on a tree-lined street, this split-entry home has been lovingly maintained. This great home offers 8 rooms, 3 bedrooms and 1.5 bathrooms. The main living level has 3 generous size bedrooms, an eat-in kitchen with access to the large deck, spacious living room with a gas fireplace, a dining room and one and a half bathrooms. The lower level offers additional living space, a finished family room with wood-burning fireplace and a bonus room. There is additional unfinished space on the lower level with the possibility for expansion. The many great outdoor amenities nearby include Brooksby Farm, Salem Country Club, several parks, the Peabody Rail Trail, PVMHS, skating rink, and much more. Owners say they can watch fireworks from their living room!! The sun-drenched 300 square foot deck overlooks the lovely fenced-in backyard, in addition to a 120 square foot screened-in cabana. There is a surprisingly spacious 1 car garage with parking for 3 more cars in the driveway. Very convenient access to shopping and major highways. With a LOW TAX RATE & voted the HOTTEST ZIP CODE IN THE U.S. BY a RECENT REALTOR POLL, you won't want to miss this wonderful opportunity to make this house your own!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 789 sq ft (the lesser of 900 sq ft or half the 1,578 sq ft principal dwelling). Lot size: 11,600 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Oven • Dishwasher • Disposal • Range
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20 x 13
Ceiling Fan(s), Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl First11 x 9
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl First11 x 11
Flooring - Laminate, Dining Area, Deck - Exterior, Exterior Access
Family Room
Lvl Basement19 x 12
Closet, Flooring - Wall to Wall Carpet
Primary Bedroom
Lvl First14 x 11
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First13 x 10
Bedroom 3
Lvl First10 x 10
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Listing Agent: Mary Ann Quinn Group
Listing Office: Wilson Wolfe Real Estate
MLS® Number: 73580735
